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K.C. Smith

A settlement of $100,000 dollars has been reached in the lawsuit filed in Tennessee against 20-year-old K.C. Smith by the Securities and Exchange Commission. The suit alleged that Smith had raised approximately $102,000 dollars between May 2000 and February 2003 by promoting fictitious investments on the Internet, by making false claims in nine million spam emails and on three websites. (May-12-03) [COMPUTER WORLD]


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Published on May-13-03


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